The government in its indictment alleges that Levoff used inside information from Apple, including financial results before they were published, to trade Apple stock. He’s facing six counts of securities fraud and six counts of wire fraud.
He only realized just over $500,000 with the insider information, which hardly seems worth the effort for someone in his position. The real irony is that he was in charge of making sure employees didn’t do insider trading. Oomph.